Australia's Garda Diversified Property Fund rises most in 4-1/2 yrs on property sale

Garda Diversified Property Fund

23/10/2024 04:56

** Garda Diversified Property Fund  GDF.AX  jumped as much
as 8.8% to A$1.235, its highest since May 1
    ** Stock posting its biggest intraday jump gain since May
2020
    ** Co says it sold an industrial development site in
Queensland for A$114 mln ($76.2 mln) and will use proceeds to
repay debt
    ** About 873,000 shares change hands, compared with the
30-day average volume of around 71,000
    ** Stock trims YTD losses to 0.6%, including session's move

($1 = 1.4966 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))